The Special Opportunities Fund, Inc. (SOF) is a balanced, closed-end fund of funds overseen by Bulldog Investors, LLC. Its investment strategy involves acquiring stakes in other closed-end funds that primarily focus on public equity and fixed income securities markets. To achieve its objectives, SOF employs a combination of value-oriented, opportunistic, and special situations investment approaches. The performance of its portfolio is benchmarked against the S&P 500 Index. The fund, which was established on February 18, 1993, and is based in the United States, was formerly known as Insured Municipal Income Fund, Inc.